“We have agreed on the changes and will be able to adopt it in early July,” European Commission spokesman Christian Wigand said Friday.
Multiple sources are reporting that a revised draft has been reached on the EU - US Privacy Shield. The European Commission (who have been negotiating terms) are said to be happy with the amended changes and an official statement by the EU is likely early next week. Businesses and stakeholders will then be expected to conform to the new legislations.
SEC Chairwoman Mary Jo White said Tuesday that the agency plans to monitor the implementation of the Department of Labor Fiduciary Rule before moving ahead with a uniform fiduciary rule in case, “conflicts develop.” More on the DOL Rule here.
The Securities and Exchange Commission (SEC) has appointed Christopher R. Hetner as Senior Advisor to the Chair for Cybersecurity Policy.
MyComplianceOffice (MCO) will join Senior Vendor & Third Party Risk Experts in New York at the Millennium Broadway Hotel for Vendor & Third Party Risk USA, June 14-15. This two day agenda features more than 20 presenters and is the second event from the Center for Financial Professionals which MyComplianceOffice team members will attend this year. This event, which according to the Website is to focus on “reviewing vendor and third party outsourcing for better management, understanding and regulatory compliance,” is especially relevant to MyComplianceOffice given the introduction of MCO’s Know Your Third Party (KYTP) solution.
